March 13th, 20200Another Rosneft subsidiary has been slapped by sanctions by the Trump administration in Washington for alleged links to Venezuela. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) yesterday designated TNK Trading International (TTI) for operating in the oil sector of the Venezuelan economy. TTI,...
February 14th, 20202Donald Trump has this week directed the Department of Homeland Security, the Pentagon, and the Commerce Department to minimise the amount of US systems dependent on GPS for positioning, navigation and time that could easily be hacked due to the vulnerabilities associated with GPS. This executive order stems from recent fears that Russia,...
February 10th, 20200Smart LNG, the new Russian venture between Sovcomflot and Novatek, has signed financing and time charter agreements for four icebreaking LNG carriers for the Arctic LNG 2 project. The company has signed an agreement with VEB.RF Group for the lease financing of the four vessels, and also sealed long-term time charters for the vessels...
January 27th, 20200DP World’s on/off romance with one of Russia’s top maritime brands is back in the news. Russian newspaper Vesti Finance is reporting the global terminal operator has tabled a bid to take a 49% stake in Vladivostok’s Fesco Transport Group. Officials at DP World’s Dubai headquarters have yet to reply to questions sent by Splash...
January 20th, 20200Polar Baikal and Polar Piltun, crew boats part of a joint venture between GC Rieber Shipping and Prisco, have entered into new one-year charters with Sakhalin Energy Investment Company. The new agreements start June 2020, and the contract includes a one-year extension option. The vessels will be operating in the Sea of Okhotsk,...
January 14th, 20200Russian shipping major Sovcomflot (SCF) has postponed the scheduled redelivery of survey vessel to Polarcus. According to Polarcus, SCF will postpone the redelivery of the vessel until the completion of work which the company has been awarded by a third party in Asia and continues to seek further projects for the vessel after the...
December 17th, 20190Brokers tell Splash that Rainbow Maritime has sold the 115,400 dwt mini-capesize bulk carrier for $16m to Ukraine’s Profy PP . Clarkson Research’s latest weekly report noted that this is a rare deal as there have been a limited number of sales within the mini-cape sector this year. Rainbow Maritime is a low profile Hong Kong...
December 4th, 20190Russian state nuclear company Rosatom is buying non-controlling stake in logistics firm Delo Group from its main owner Sergey Shishkarev, as it ups its Northern Sea Route (NSR) shipping ambitions. Rosatom said yesterday that working with Delo, it wants to offer an NSR service "no less attractive" than existing services via Suez. Local...
November 25th, 20190Russia’s Rosatom Group has outlined how it intends to give the Suez Canal a run for its money, revealing it is in talks with Moscow-headquartered VTB Bank over a $7bn loan to help fund the acquisition of 55 ice-class boxships. Also known as the Rosatom State Nuclear Energy Corporation, Rosatom is following the heed of President...
November 21st, 20190According to Alphaliner, Russia’s Far Eastern Shipping Company (FESCO) has bought the 16-year-old 822 teu from German owner Reederei Bartels at an undisclosed price. The ship has been renamed FESCO Moneron, under Russian flag. The ice-class ship will work domestic routes and joins sister ship Fesco Magadan, which the Russian liner...
